RZB, as mandated arranger, has been mandated by Slovenia’s Mercator to arrange a €15mn term loan club deal facility fully guaranteed by Poslovni Sistem Mercator of Ljubljana.

The facility is a term loan club deal facility that is going to be used by the borrower to finance the construction of a shopping centre in Cacak (Serbia) as well as for other investments in the country. Whereas the borrower is Mercator-S, doo Serbia, the repayment is fully guaranteed by the Slovenian parent company Poslovni Sistem Mercator, dd, Ljubljana.

The facility carries a pricing grid with an initial margin of 115bp over Euribor and has a tenor of seven years with semi-annual repayments starting 12 months after the signing of the documentation, resulting in an average life of 3.5 years.

Mercator is the leading fast moving consumer goods retailer in Slovenia with a market share of 41%. It is also present in Croatia, Bosnia and Herzegovina and Serbia and Montenegro and is planning to grow beyond these borders.